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MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Individual Retirement | GMxB Core    
Market Risk Benefit [Roll Forward]    
Balance, beginning of the period $ 590 $ 530
Balance BOP before changes in the instrument specific credit risk 322 529
Model changes and effect of changes in cash flow assumptions (2) 0
Actual market movement effect (160) (211)
Interest accrual 16 18
Attributed fees accrued 95 95
Benefit payments (10) (12)
Actual policyholder behavior different from expected behavior 5 7
Changes in future economic assumptions (194) 125
Issuances (2) (1)
Balance EOP before changes in the instrument-specific credit risk 70 550
Changes in the instrument-specific credit risk 245 (233)
Balance, end of the period $ 315 $ 317
Weighted-average age of policyholders (years) 64 years 7 months 6 days 63 years 8 months 12 days
Net amount at risk $ 2,764 $ 3,287
Legacy | GMxB Legacy    
Market Risk Benefit [Roll Forward]    
Balance, beginning of the period 13,418 14,699
Balance BOP before changes in the instrument specific credit risk 13,028 15,314
Model changes and effect of changes in cash flow assumptions (8) 0
Actual market movement effect (788) (744)
Interest accrual 161 197
Attributed fees accrued 200 209
Benefit payments (321) (342)
Actual policyholder behavior different from expected behavior (23) 21
Changes in future economic assumptions (923) 944
Issuances 0 0
Balance EOP before changes in the instrument-specific credit risk 11,326 15,599
Changes in the instrument-specific credit risk 375 (1,517)
Balance, end of the period $ 11,701 $ 14,082
Weighted-average age of policyholders (years) 73 years 2 months 12 days 72 years 9 months 18 days
Net amount at risk $ 19,673 $ 21,472
Legacy | Purchased MRB    
Market Risk Benefit [Roll Forward]    
Balance, beginning of the period (9,420) (10,415)
Balance BOP before changes in the instrument specific credit risk (9,387) (10,358)
Model changes and effect of changes in cash flow assumptions 150 0
Actual market movement effect 393 387
Interest accrual (113) (153)
Attributed fees accrued (80) (83)
Benefit payments 169 185
Actual policyholder behavior different from expected behavior 9 (18)
Changes in future economic assumptions 553 (530)
Issuances 0 0
Balance EOP before changes in the instrument-specific credit risk (8,306) (10,570)
Changes in the instrument-specific credit risk (27) (99)
Balance, end of the period $ (8,333) $ (10,669)
Weighted-average age of policyholders (years) 72 years 9 months 18 days 72 years 2 months 12 days
Net amount at risk $ 10,407 $ 10,045
Legacy | Net Legacy    
Market Risk Benefit [Roll Forward]    
Balance, beginning of the period 3,998 4,284
Balance BOP before changes in the instrument specific credit risk 3,641 4,956
Model changes and effect of changes in cash flow assumptions 142 0
Actual market movement effect (395) (357)
Interest accrual 48 44
Attributed fees accrued 120 126
Benefit payments (152) (157)
Actual policyholder behavior different from expected behavior (14) 3
Changes in future economic assumptions (370) 414
Issuances 0 0
Balance EOP before changes in the instrument-specific credit risk 3,020 5,029
Changes in the instrument-specific credit risk 348 (1,616)
Balance, end of the period $ 3,368 $ 3,413